Wednesday, March 16, 2016

The protest against
government in Brasil got momentum. The 30 lacs of people in 150 cities of the
country are on the road. The gatherings of people in the city Sao Paulo’s are 5
lacs. It is recorded big demonstration in the history of country. They are
demanding the impeachment against and resignation of President Dilma Rousseff
who has been charged in corruption. The public are in grudge with the dearness
and unemployment.

The
bad condition in economy of country during 25 years; GDP in minus.

ØRousseff
and supporting party have been charged of corruption of billion BRL. The
business slumped with 40%, lowest level during 25 years economy.

ØThe GDP
has reached to the minus 1.4% in Brasil

On the economic side, the Brazilian economy has
been officially in recession since the end of 2014. The inflation is currently
over 10%, and unemployment reached 9% in 2015. The currency devalued significantly
and the Stock Exchange Market has suffered through drastic falls. This
year shall be seen Brazil’s economy shrink for the second consecutive
year.

The
government has been trying to tackle the problem by cutting public spending and
implementing austerity policies through the Central Bank.

The Carwash Operation, or
Lava-Jato, as it is locally known, is a federal investigation into a large corruption
involving state-owned oil company Petrobras, big construction companies, and
the politicians. It has brought to penal by Justice some of the most important
businessmen and the prominent political figures in Brazil.

All parties are at risk–
government and opposition both alike! But
the governing Labor Party (Partido dos Trabalhadores, or PT) has arguably been
hit the hardest so far. Former president Luiz Inácio Lula da Silva is under
scrutiny and President Dilma Rousseff is going to face an impeachment process.
Both leaders are from the PT party. But not only these: The Speaker of the
House, Congressman Eduardo Cunha, from the PMDB party (which is part of the
government coalition) is also facing charges for having undeclared assets
overseas.

Next Olympic is going to be held
in Rio de Janeiro. The demonstration has posed question of successful managing
of games. The Defense Minister Elbow Rebelo said, “85 thousand police personnel
will be deployed.”

Dilma Rousseff said, “I will not
resign at any cost. The people have no ground to remove me from post.”